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Reddit: Return Of The Junk Stock IPO
(www.forbes.com)
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this post was submitted on 12 Mar 2024
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I said it before on Reddit and I will say it again here—
If Reddit has asked me for a premium subscription to use my favourite third-party app, I would have fucking paid.
Just bad business all around
I don't know the right price point, but 1 dollar a month probably would have worked for most people. It just wasn't enough because they probably can make more than 1 by spoon feeding you ads now.
I'd go as far as 5 dollars a month, which is more than the buck thirty they make off users right now.
It just boggles the mind.
They had the userbase. They had the community moderation. They had the power-users basically doing their job for them. They could have had a bulletproof, tied-to-world-population-growth metric - not super fast, but basically monotonically increasing. They basically could have turned it into a sustainable money printer, while not crushing user enthusiasm. Hell, they could have even done an opt- in policy for ML training datasets, either offsetting or outright paying users a commission for content that’s used as part of a training set. There were so many possibilities that didn’t involve pointing the ship at an iceberg.
Spez threw it away because he wanted the quick payout from ad revenue.
Spez threw it away because he’s a libertarian tool. He doesn’t care how he gets the payout as long as it’s not ‘collectivist’. This commie shit your’e spouting in this post would not impress daddy Elon. GTFO.
The fuck are you on about with that last half?
Maybe I needed to add an /s?
Active users would, I probably would too. Problem is most apps would struggle to even get new users with that system.
100% I did pay for the premium version of Apollo and I absolutely would have paid about £20 a month for access.
It was the #1 most used app on all my devices.
20 a month?! No way in hell reddit app access is worth that.
Not now perhaps, but then it was. To me. I’d not pay them a farthing now.
Same here. I spend all my farthings at the taffee shoppe, or the cobblers.
I‘d say about £5 a month would be suitable for lurkers, with additional options for when your "contingent“ is used up
Didn't that become an option at some point? I'm sure I've read there are apps you can pay for to have access. Fuck that, though. Make it a reasonable price, too, and I'd listen. No way I'm paying a fiver a month for reddit. Maye 1 or 2.
Apps can pay in a ridiculous deal that no app would be able to support. So you either be a pay app that no one downloads, or a free app that gets killed the second it gets too big (And that number was low)
Recently I stumbled on Relay, still going strong with a subscription model (because API fees).
That said, I refuse to return to that platform.
You can patch old third-party apps with ReVanced. That being said, they are unmaintained and will still eventually break.